Govt urged to take early steps for bridging gap between imports, exports

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to take immediate measures for bridging widening gap between imports and exports, a statement said on Monday. –IQTIDAR GILANI

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CDWP proposes two projects worth Rs191.2 billion to Ecnec for approval

ISLAMABAD: The Central Development Working Party (CDWP) has recommended two projects worth Rs191.2 billion to the Executive Committee of the National Economic Council (Ecnec) for approval. –HAMZA HABIB

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PTCL launches cyber-security services for corporate customers

KARACHI: The Pakistan Telecommunication Company Limited (PTCL) has launched new cyber-security services to protect its corporate and financial customers against cyber-attacks, a statement said on Monday. –SHAHNAWAZ AKHTER

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Unisame urges for enhanced trade with Afghanistan

KARACHI: The Union of Small and Medium Enterprises (Unisame) has urged the government to enhance trade with Afghanistan, an official said on Monday. –LATIFUR REHMAN

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Sales tax returns in December to be filed through single portal: FBR

KARACHI: The Federal Board of Revenue (FBR) has launched a single portal to facilitate taxpayers, promote ease of doing business and reduce compliance cost in filing sales tax returns for December 2021, sources said on Monday. –SHAHNAWAZ AKHTER

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Rupee hits new record low against dollar

KARACHI: The rupee lost four paisas against the dollar to touch a new record low of Rs178.17 on Monday at the closing of the interbank foreign exchange market, dealers said. –SHAHNAWAZ AKHTER

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MMBL to finance MSMEs in rural Sindh, Balochistan

KARACHI: Mobilink Microfinance Bank Limited (MMBL) signed a memorandum of understanding (MoU) with the Pakistan Poverty Alleviation Fund (PPAF) for the development of Micro, Small and Medium Enterprises (MSMEs), a statement said on Monday. –SHAHNAWAZ AKHTER

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Pakistan equity market shed 205 points amid profit-taking

KARACHI: The Pakistan stocks witnessed a dull session on the first day of the week in the absence of any positive trigger; where technology, E&P, and power sectors cumulatively eroded 177 points from the index, dealers said on Monday. –JAVED MIRZA

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Pakistan equity market to show robust activity in 2022

KARACHI: The Pakistan bourse is likely to attract huge investments, as the KSE-100 is expected to reach 55,000 points by December 2022, a research report by Arif Habib Limited (AHL) showed. –LATIFUR REHMAN

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Weather disasters cost $20 billion more than last year

PARIS: The 10 most expensive weather disasters this year caused more than $170 billion (150 billion euros) in damage, $20 billion more than in 2020, a British aid group said on Monday.‑AFP

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